Global Blockchain Technology in Energy Market to 2023

The Global Blockchain Technology in Energy Market to grow at a CAGR of 65.34% during the period 2019-2023.

Global Blockchain Technology in Energy Market Report 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the adoption of blockchain technology.

One trend affecting this market is the growing strategic alliance for development of blockchain technology.

According to the report, one driver influencing this market is the integration of blockchain technology with smart meter. A smart meter is embedded with an in-home display screen that displays the amount of energy consumed in near real-time and automatically sends meter readings to the energy suppliers.

Further, the report states that one challenge affecting this market is the high cost of implementing and maintaining blockchain technology. With the adoption of blockchain technology, the energy sector is expected to have long-term benefits in terms of productivity, security, and efficiency.

Key questions answered in this report

What will the market size be in 2023 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?